Adjuments & Eliminations
Unrestricted Funds Restricted Funds Investment in Plant Combined Total Capital Tuition
Expenses Allowance Other Total
Student Tuition and Fees  $    76,602,736  $                -  $                  -  $ 76,602,736  $               -  $ (21,782,448)  $             -  $  54,820,288
Federal Grants and Contracts            118,984     27,889,042                      -     28,008,026                   -                     -                 -     28,008,026
State/Local Grants and Contracts                       -       3,206,824                      -       3,206,824                   -                     -                 -       3,206,824
Nongovernmental Grants and Contracts                       -     11,201,299                      -     11,201,299                   -                     -                 -     11,201,299
Indirect Cost Recoveries          9,359,923      (9,359,923)                      -                    -                   -                     -                 -                    -
Educational Activities          4,508,562         213,948                      -       4,722,510                   -                     -       (95,668)       4,626,842
Student Resident Fees        17,337,979                    -                      -     17,337,979                   -         (179,751)      618,925     17,777,153
Sales and Services of Dept Activities        10,039,333           95,829                      -     10,135,162                   -                     -     (523,257)       9,611,905
OPERATING REVENUES      117,967,517     33,247,019                      -   151,214,536                   -     (21,962,199)                 -    129,252,337
Salaries & Wages - Non-Faculty       (36,764,255)      (6,992,652)                      -    (43,756,907)                   -                     -                 -    (43,756,907)
Salaries & Wages - Faculty       (30,436,856)      (3,786,369)                      -    (34,223,225)                   -                     -                 -    (34,223,225)
Salaries & Wages - Graduate Students         (3,433,489)      (3,587,369)                      -      (7,020,858)                   -                     -                 -      (7,020,858)
Salaries & Wages - Undergrad Students         (3,351,676)      (1,287,358)                      -      (4,639,034)                   -                     -                 -      (4,639,034)
Fringe Benefits       (31,615,911)      (3,820,801)                      -    (35,436,712)                   -                     -                 -    (35,436,712)
Supplies and Services       (36,618,194)    (17,554,717)        (1,784,682)    (55,957,593)    11,003,937                     -                 -    (44,953,656)
Scholarships and Fellowships       (18,176,315)      (9,244,523)                      -    (27,420,838)                   -      21,962,199                 -      (5,458,639)
Utilities         (8,447,287)          (27,820)        (8,475,107)                   -                     -                 -      (8,475,107)
Depreciation                       -                    -      (11,504,971)    (11,504,971)                   -                     -                 -    (11,504,971)
OPERATING EXPENSES     (168,843,983)    (46,301,609)      (13,289,653)  (228,435,245)    11,003,937      21,962,199                 -   (195,469,110)
Mandatory Transfers In              57,890       4,956,874                      -       5,014,764                   -                     -                 -       5,014,764
Mandatory Transfers Out         (3,891,315)      (1,123,448)                      -      (5,014,763)                   -                     -                 -      (5,014,763)
Non Mandatory Transfers In        45,104,740     14,433,018                      -     59,537,758                   -                     -                 -     59,537,758
Non Mandatory Transfers Out       (46,756,777)    (12,780,517)                 (465)    (59,537,759)                   -                     -                 -    (59,537,759)
TRANSFERS         (5,485,462)       5,485,927                 (465)                    -                   -                     -                 -                    -
Federal Grants                       -       3,229,124                      -       3,229,124                   -                     -                 -       3,229,124
State appropriations, Operating        49,028,200                    -                      -     49,028,200                   -                     -                 -     49,028,200
Gift Income          6,546,706       3,327,545                      -       9,874,251                   -                     -                 -       9,874,251
Investment Income (loss)           (153,658)         133,328                      -          (20,330)                   -                     -                 -           (20,330)
Interest Expense                       -      (2,133,617)             38,067      (2,095,550)                   -                     -                 -      (2,095,550)
Capital Appropriations                       -                    -                      -                    -                   -                     -                 -                    -
Capital Grants and Gifts            112,502         947,455           738,384       1,798,341                   -                     -                 -       1,798,341
Loss on Disposal of Capital Assets                       -                    -       10,807,130     10,807,130   (11,003,937)                     -                 -         (196,807)
NON-OPERATING REVENUES (EXPENSES)        55,533,750       5,503,835       11,583,581     72,621,166   (11,003,937)                     -                 -     61,617,229
Net increase (decrease) in Net Assets           (828,178)      (2,064,828)        (1,706,537)      (4,599,543)                   -                     -                 -      (4,599,543)
Net Assets, Beginning of Year          7,979,040     27,198,635     173,909,562   209,087,237                   -                     -                 -    209,087,237
Net Assets, End of Year  $      7,150,862  $ 25,133,807  $ 172,203,025  $204,487,694  $               -  $                 -  $             -  $204,487,694